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Mar 25, 2025

Salzgitter Group Confronts Economic and Geopolitical Challenges in 2024 - News and Statistics - IndexBox

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform. The German Salzgitter Group has highlighted the ongoing challenges posed by a sluggish German

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

The German Salzgitter Group has highlighted the ongoing challenges posed by a sluggish German economy and increasing uncertainties surrounding exports due to geopolitical tensions. According to the company's 2024 financial report, the steel sector has been particularly impacted by elevated energy costs and a surge in imports.

Salzgitter's external sales dropped to EUR10 billion in 2024, down from EUR10.8 billion in 2023, primarily due to reduced average revenue from steel products and a weak order book in the steel processing division. The company's EBITDA fell to EUR445 million, a significant decrease from the previous year's EUR677 million, while pre-tax profit stood at EUR296 million, compared to EUR238 million in 2023. These figures include EUR406 million in expenses related to restructuring, impairment, and other provisions.

Despite these challenges, Salzgitter managed to increase its steel production by 11.9% compared to 2023, reaching nearly 6.4 million tons. CEO Gunnar Grobler emphasized the company's commitment to the SALCOS transformation program, while also expressing the need for political measures to reduce energy costs and address regulatory hurdles.

Looking ahead, Salzgitter is exploring opportunities in the defense sector as part of its strategy to diversify its portfolio. The company is also assessing the future of its joint venture with Huttenwerke Krupp-Mannesmann (HKM) and Thyssenkrupp, following the withdrawal of a potential buyer earlier this year.

In a related development, Dusseldorf-based Hoberg & Driesch Rohrengruppe has reached an agreement with Salzgitter Mannesmann Stahlhandel GmbH to acquire part of its pipe business in Germany, covering seamless heavy-wall pipes and precision steel pipes, as reported by GMK Center.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for seamless casing, tubing and drill oil or gas pipe of non-stainless steel in Germany. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

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A Quick Overview of Market Performance

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Finding New Products to Diversify Your Business

Choosing the Best Countries to Establish Your Sustainable Supply Chain

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The Latest Trends and Insights into The Industry

The Largest Import Supplying Countries

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The Largest Producers on The Market and Their Profiles